Overview
What is Hinze Homes Inc?
Hinze Homes Inc is a nonprofit organization situated in Frederick, Maryland. With a mission deeply rooted in providing affordable housing, the organization specifically caters to individuals dealing with chronic mental disabilities. Guided by Section 811 of the National Affordable Housing Act, Hinze Homes Inc strives to create a living environment that is both suitable and affordable for this particular demographic, ensuring their well-being and enabling them to lead independent lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating (55%)
Hinze Homes Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding the organization’s accountability and financial practices. The overall score of 55% reflects a lack of transparency and compliance with key governance policies, including conflict of interest and whistleblower policies, which received zero points. Although the organization has an independent board and a good program expense ratio, the absence of essential disclosures and policies raises red flags.
The organization demonstrates strength in having a fully independent board and a high program expense ratio, suggesting a commitment to its mission. However, the financial metrics reveal serious issues, particularly regarding the liabilities to assets ratio, which scored zero points. This indicates potential financial instability, and the lack of comprehensive tax form disclosures on its website may hinder donor trust and engagement.
Furthermore, the compensation for key personnel, such as the treasurer earning over $450,000, may raise concerns about the allocation of resources. Overall, while Hinze Homes Inc has certain governance strengths, the significant weaknesses in accountability and financial transparency suggest a pressing need for improvement to enhance trust and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hinze Homes Inc legitimate?
Hinze Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hinze Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hinze Homes Inc?
Hinze Homes Inc, as an organization, is committed to providing affordable housing options for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. Their primary goal is to ensure that these individuals have access to suitable living spaces, thereby contributing to their overall well-being and quality of life. The organization's activities are centered around providing housing solutions that meet the unique needs of this population, thereby promoting their independence and inclusion in society.
Who is the CEO of Hinze Homes Inc?
Sarah Norman is the President of Hinze Homes Inc.
What is the revenue of Hinze Homes Inc?
Hinze Homes Inc's revenue in 2022 was $68,713.
Who are the executives of Hinze Homes Inc and what are their salaries?
There 5 volunteers at Hinze Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hinze Homes Inc?
Hinze Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hinze Homes Inc
Hinze Homes Inc, as a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. The primary goal of Hinze Homes Inc is to offer suitable living spaces for this vulnerable group, ensuring their housing needs are met in accordance with an exempt purpose. By doing so, the organization aims to contribute positively to their quality of life and overall well-being.
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Impact
August, 2024
Hinze Homes Inc makes a significant impact by providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. Their mission is dedicated to offering a safe and supportive environment for individuals in need, ensuring they have a stable place to call home. By fulfilling this mission, Hinze Homes Inc plays a crucial role in addressing the housing needs of the chronically mentally disabled population in Frederick, MD, and contributes to enhancing their overall quality of life.
This information is meant to be a general summary of Hinze Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4
- Program Service Revenue: $68,709
- Gross Receipts: $68,713
Assets and Liabilities:
- Total Assets: $776,103
- Total Liabilities: $1,027,760
- Net Assets: -$251,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$68,709
Organization Details
Founding Year
2002
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L20 - Housing
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